Connexa agrees multi-year global distribution agreement for Padel Tennis
24 Outubro 2023 - 9:00AM
Connexa Sports Technologies Inc. (Nasdaq:CNXA) has agreed a
multi-year distribution agreement covering all global markets for
Padel Tennis with Desarrollo y Promocion de Padel S.L., a division
of Manza Sport based in Valencia, Spain – a company that has over
20 years of experience in the global Padel Tennis market as a
leading supplier of Padel Tennis courts. From 2024, this agreement
will guarantee a minimum of $4 million to Connexa in annual
revenue.
Connexa has developed an innovative Padel Tennis
Launcher to meet the specific needs of all Padel Tennis players.
The patented design incorporating a ball launcher inside a wheeled
trolley bag, weighing 19kg / 42lbs, makes the Slinger Padel
Launcher easy to transport to the court and highly versatile, with
pockets to carry padel rackets, balls and other gear.
The dual-motor operating system allows the
player to control the speed, spin, elevation and frequency of the
ball launch. Included with each Slinger Bag Padel Launcher is a
unique Lob accessory that helps players of all ages and abilities
practice their smash and bandeja shots. A patented Oscillator can
also be connected to the Slinger Bag, facilitating side-to-side
ball launches. The Slinger Bag Padel Launcher is powered by an
interchangeable lithium battery, providing the Padel Tennis
Launcher with over 3 hours of play-time and also allowing players
to charge their phone!
Padel tennis was invented in Mexico in the
1960’s and today has 25 million active participants playing on
40,000 courts in 110 countries globally. Currently, the core volume
of players is centered around Spain and South America with rapid
growth of the sport being experienced in Scandinavia, Italy, France
and Belgium1. In the USA there are currently 240 courts across 40
facilities, which is expected to double to 500 courts within 12
months according to the US Padel Association.
“We are delighted to have agreed a global
distribution deal with Desarrollo y Promocion de Padel S.L. They
have an incredible knowledge of the global Padel Tennis market and
especially the needs of the average Padel Tennis player - all
coming from their established Padel Tennis court building business
where they have installed Padel Tennis courts across the spectrum
of major Padel Tennis clubs, public facilities as well as courts
for private individuals, most recently working on the first ever
Padel Tennis facility in Brooklyn NYC.” said Mike Ballardie CEO,
Connexa Sports. “Padel Tennis is expanding its appeal as a fun and
social sport across the globe and is regarded as easier to play
than Tennis.” continued Ballardie.
Slinger Bag has introduced its’ highly
transportable, versatile and affordable Padel Tennis Launcher to
facilitate regular practice and training sessions, enabling Padel
Tennis players to hit more Padel balls, more often.” added
Ballardie
“We are really excited to have the opportunity
to build the global Padel Tennis brand for Slinger Bag. What
Slinger Bag has achieved in the Tennis market, over a very short
time, is incredible and we plan to emulate that in Padel Tennis
through our close association to the sport and our relationships
with Padel Tennis facilities, players and professional athletes
across the world.” commented Paco Estevan, President, Desarrollo y
Promocion de Padel S.L.
More information on Slinger Bag Padel Tennis Launcher can be
found at www.slingerpadel.com
About Connexa Sports Technologies:
Connexa Sports a leading connected sports
company delivering products, technologies, and Sport-as-a-Service
across a range of sport verticals. Connexa’s mission is to reinvent
sports through technological innovation driven by an unwavering
focus on today’s sports consumer.
Contact
Information:investors@connexasports.comwww.connexasports.com
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